Sea Change: How Markets and Property Rights Could Transform the Fishing Industry ：How Markets and Property Rights Could Transform the Fishing Industry ( 1 )

Publication subTitle ：How Markets and Property Rights Could Transform the Fishing Industry

Publication series ：1

Author： Wellings Richard;Booth Philip;Aligica Paul Dragos

Publisher： London Publishing Partnership‎

Publication year： 2017

E-ISBN: 9780255367417

P-ISBN(Paperback): 9780255367400

Subject： F316.4 渔业、水产业

Keyword：外交、国际关系,农业经济,水产、渔业,经济学

Language： ENG

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Description

Government management of fisheries has been little short of disastrous. In many regions, valuable fish stocks have collapsed as a result of overfishing. Ill-conceived regulation also means that every year millions of tons of edible fish are thrown back dead into the sea. While an absence of established property rights means that wild fish are vulnerable to overfishing, the problem is greatly exacerbated by large subsidies. State intervention has created significant overcapacity in the industry and undermined the economic feedback mechanisms that help to protect stocks. This short book sets out a range of policy options to improve outcomes. As well as ending counterproductive subsidies, these include community-based management of coastal zones and the introduction of individual transferable quotas. The analysis is particularly relevant to the UK as it begins the process of withdrawal from the European Union. After decades of mismanagement under the Common Fisheries Policy, Brexit represents a major opportunity to adopt an economically rational approach that benefits the fishing industry, taxpayers and consumers.

Chapter

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The authors

Foreword

Summary

Tables and figures

1 Introduction

Richard Wellings

Global fish stocks

The tragedy of the commons

How market mechanisms protect fisheries

Cutting off the invisible hand

Fishing for favours

The tragedy of state regulation

Property rights approaches

Conclusions

References

2 Subsidising decline: government intervention in the fishing industry

H. Sterling Burnett

Why have the fisheries declined?

Government policies encourage unsustainable harvests

Subsidies: what kind and how much?

Misguided government responses to the fisheries decline

Current policies harm commercial fishing operators

Acting to reverse fisheries decline

End subsidies and tax breaks

Replace the current regulatory system with a system of property rights

Encourage other countries to cut subsidies and adopt similar property-based fisheries policies

References

3 The European Common Fisheries Policy

Rachel Tingle

1957–69: The conception and early development of the CFP

1970–82: The establishment of common Community waters

1983–92: The development of a fisheries management system

1993–2002: The introduction of vessel licensing and effort controls

2003–13: Reform of the CFP

2014 Onwards: last chance for the CFP?

Appendix: UK system for apportioning national fishing quotas

References

4 Governing the fisheries: insights from Elinor Ostrom’s work

Paul Dragos Aligica and Ion Sterpan

Introduction

Public choice and voluntary action

The approach

Governance regimes

Performance criteria

Co-management and the commons

Government interference and failure

A case of fragile institutions: the Nova Scotian inshore fisheries

A case of robust institutions: the Maine lobster industry

Conclusions

References

5 Rights-based ocean fishing in Iceland

Birgir Runolfsson

The fisheries problem

Creating rights to fishing

Criticism and concerns about an ITQ system

ITQs in practice

Conclusion

References

About the IEA

Table 1 Landings of fish into the UK by UK and foreign vessels, 1938–2014 (thousand tonnes)

Figure 1 Global fish catch, 1950–2013 (wild capture)

Figure 2 Global fish production from aquaculture, 1950–2013

Figure 3 Exclusive Economic Zones around the British Isles

Figure 4 Profits in the Icelandic fisheries industry, 1980–2012

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